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with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for chuck hagel? the president defends his possible defense secretary pick. >>> good morning from washington. it's the last day of the year, december 31st, 2012, and this is "the daily rundown." i'm chris cillizza in for chuck todd. with sweeping tax increases and across-the-board spending cuts set to take effect at midnight, even lawmakers are now publicly pessimistic about the ability of congress to, well, get anything done. at best, democrats and republicans will patch together a limited, short-term deal to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress ar
with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for...
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the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the senate was passing a deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc'
the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the...
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fiscal cliff negotiations. take a listen. >> flt we'if we're going to be about deficit reduction and debt reduction it's going to have to be a matter of shared sacrifice at least as long as i'm president and i'm going to be president for the next four years i hope. [ cheers and applause ] >> joining us now, julian epstein, a democratic strategist and dr. james peterson, an associate professor at lehigh university and a contributor to thegrio.com. welcome, both of you. julian, when you hear the president talk like that, do you get the sense that the white house believes it will not be blamed if no deal materializes and also now we hear the house is going to take a pass on a vote today. >> yeah, i think the house will likely vote tomorrow or the next day, so that won't matter so much. i think all the polling shows that the public was blaming and would blame the republicans if we had an economic calamity that resulted from not having a deal, and i think as to the president's performance today, i think it is import
fiscal cliff negotiations. take a listen. >> flt we'if we're going to be about deficit reduction and debt reduction it's going to have to be a matter of shared sacrifice at least as long as i'm president and i'm going to be president for the next four years i hope. [ cheers and applause ] >> joining us now, julian epstein, a democratic strategist and dr. james peterson, an associate professor at lehigh university and a contributor to thegrio.com. welcome, both of you. julian, when...
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police haven't given ait's the 11th hour and still no fiscal cliff deal on the table. when we return. we take a look at lawmakers final push to beat the new years deadline for a compromise. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >>> another day gone and still no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday sessio
police haven't given ait's the 11th hour and still no fiscal cliff deal on the table. when we return. we take a look at lawmakers final push to beat the new years deadline for a compromise. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >>> another day gone and still no deal on the fiscal cliff. if nothing is...
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>>> and at the top of the hour, the fiscal cliff showdown. will house republicans approve or try to alter the senate's last-minute deal? we just got this note that house republicans will be meeting at 1:00 p.m. to talk about those fiscal cliff negotiations. stay with us here on msnbc. >>> pope benedict benedict hopes peace will prevail in 2013, despite recent acts of terrorism and instability in the world economy. there you see the pontiff this morning celebrating new year's mass at st. peter's basilica. >>> organizers in southern california applied the finishing touches to the mobile flower arrangements that will make up the 124th tournament of roses parade. this year's grand marshal is the famed chimpanzee researcher jane gooda goodall. you can watch the parade beginning at 11:00 a.m. eastern on your local nbc station. >>> well, he's not only the commander in chief, he is also first in fitness. president obama is out to promote physical activity and healthy living by awarding citizens who stick to a six-week health and exercise program, som
>>> and at the top of the hour, the fiscal cliff showdown. will house republicans approve or try to alter the senate's last-minute deal? we just got this note that house republicans will be meeting at 1:00 p.m. to talk about those fiscal cliff negotiations. stay with us here on msnbc. >>> pope benedict benedict hopes peace will prevail in 2013, despite recent acts of terrorism and instability in the world economy. there you see the pontiff this morning celebrating new year's...
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. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast majority of ameri
. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act,...
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>> are you voting for >>> fiscal cliff is hours from reality, are our elected leaders closer to a deal? we will take a look. >>> murder in 2009 and 20102010, the crime scene tape is up again, arundel county watering hole is the scene of a weekend shooting. >>> hello 2013, a look in preparations for the big new year's eve celebration locally and around the nation on this monday, december 31st, good morning, thank you for joining us i'm charley crowson. meagan is off today for this, the final day of 2012. how are things going to be out there weather wise? first, got to know how it's going to be today. here is mike masco. >>> we will do a lot of clouds this afternoon, a cool note. look at the temperatures, 27 baltimore, stevensville, easton be 1. a wind right now. making the temperatures feel like it's in to the teens in spots. manchester, one of the spots. 21 baltimore. chilly start this morning, that will give way to clouds today. if you notice on the satellite picture, a lot of broken clouds across the region. that's the deal towards the afternoon hours. temperatures around 43 degrees.
>> are you voting for >>> fiscal cliff is hours from reality, are our elected leaders closer to a deal? we will take a look. >>> murder in 2009 and 20102010, the crime scene tape is up again, arundel county watering hole is the scene of a weekend shooting. >>> hello 2013, a look in preparations for the big new year's eve celebration locally and around the nation on this monday, december 31st, good morning, thank you for joining us i'm charley crowson. meagan is...
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less than 24 hours from the fiscal cliff deadline. lawmakers are meeting now on capitol hill inching closer to a deal. we are told the key sticking point is the best way to reduce the deficit. >> the new year's eve party is about to start in alexandria. the celebration startses at noon. more than a hundred indoor performances are set to happen throughout all time. if you don't want to be outside this is an option. kids can make a kite, decorate cookies. the night would end with fireworks and the cost is $20. active military and kids under 12 are free. >> the redskins are in the playoffs for the first time since 2007. the last game of the regular season they saved the best for last and ended the cowboys year at the same time. that's what i'm talking about. fans are celebrating what could be a magical run in the post season. newses 4's megan mcgrath has more. >> what a game it was. it's the talk of the town. take a look at the headline. playoffs. another one here. riding rookies to the playoffs. it was definitely a night for the rookies
less than 24 hours from the fiscal cliff deadline. lawmakers are meeting now on capitol hill inching closer to a deal. we are told the key sticking point is the best way to reduce the deficit. >> the new year's eve party is about to start in alexandria. the celebration startses at noon. more than a hundred indoor performances are set to happen throughout all time. if you don't want to be outside this is an option. kids can make a kite, decorate cookies. the night would end with fireworks...
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. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast majority of ameri
. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act,...
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with just ten hours until the country goes over that fiscal cliff, the president announcing that agreement to prevent tax hikes for all americans is in sight. but there is no deal just yet. >> today it appears that an agreement to prevent this new year's tax
with just ten hours until the country goes over that fiscal cliff, the president announcing that agreement to prevent tax hikes for all americans is in sight. but there is no deal just yet. >> today it appears that an agreement to prevent this new year's tax
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special coverage of the fiscal cliff negotiations. but we wanted to tell you, once again, secretary of state hillary clinton has been hospitalized. that being confirmed this hour by phillipe rhines at the state department. in the course of a follow-up exam today, secretary clinton's doctors discovered a blood clot formed stemming from the concussion she sustained several weeks ago. she's being treated with anti-coagulants at new york presbyterian hospital so they can monitor the medication over the next 48 hours. her doctors will continue to assess her condition, including other issues that may be associated with the concussion and then determine if further action is required. you may remember that she had a severe stomach virus and became severely dehydrated, and then we learned, in the middle of december, that after she canceled an overseas trip, that she had fainted and because of that severe dehydration, and suffered that concussion, she also had to cancel her testimony on benghazi. we have been told that she was expected to go ba
special coverage of the fiscal cliff negotiations. but we wanted to tell you, once again, secretary of state hillary clinton has been hospitalized. that being confirmed this hour by phillipe rhines at the state department. in the course of a follow-up exam today, secretary clinton's doctors discovered a blood clot formed stemming from the concussion she sustained several weeks ago. she's being treated with anti-coagulants at new york presbyterian hospital so they can monitor the medication over...
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. >> the obvious question, are we going to go over the fiscal cliff? >> well, i think we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is, because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast maj
. >> the obvious question, are we going to go over the fiscal cliff? >> well, i think we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is, because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act,...
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update how the fiscal cliff wall street as we near the 11th hour. and again a look at the ohio clock position. reporters just talking to reporters. waiting for something. keep it here. at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> bret: our top story at the bottom of the hour, two words, fiscal cliff. u.s. is going over it tonight. the senate majority leader has not moved a bill to the floor yet. the house would only deal with whatever the senate passed. if it did anything and the house is adjourned for tomorrow. the deadline will be missed. all indications are expecting to bring something forward tonight before midnight. still the deadline of midnight will be missed and the country will go over the fiscal cliff. here is how the potential deal, the f
update how the fiscal cliff wall street as we near the 11th hour. and again a look at the ohio clock position. reporters just talking to reporters. waiting for something. keep it here. at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and...
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two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while
two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for...
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hours to go before we go over the fiscal cliff. a top lawmaker reporting progress in the last-ditch efforts to hammer out a deal in time. a health crisis lands secretary of state hillary clinton in the hospital, what doctors are telling us about her condition. plus, iran test firing a new range of weapons right near the strait of hormuz where a chunk of oil passes each day. the impact on the middle east and on our world, it's all "happening now." >> reporter: there is a note of optimism in the race to avoid the fiscal cliff. hello, everybody, i'm uma pemmaraju in for jenna lee today. jon: good to have you here. optimism is always a good thing in washington. that is in short supply. ringing in 2013 at midnight tonight could mean ringing in more than half a trillion dollars in tax hikes and a hundred billion dollars worth of spending cuts from defense and other key domestic programs, that is if no deal is reached in time to avert it. both the house and senate with rare new year's eve sessions today as they try to hammer out some sort
hours to go before we go over the fiscal cliff. a top lawmaker reporting progress in the last-ditch efforts to hammer out a deal in time. a health crisis lands secretary of state hillary clinton in the hospital, what doctors are telling us about her condition. plus, iran test firing a new range of weapons right near the strait of hormuz where a chunk of oil passes each day. the impact on the middle east and on our world, it's all "happening now." >> reporter: there is a note of...
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just two hours into the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton is making progress while being treated for a blood clot in her head at new york hospital. >> three, two, one! >> and ringing in 2013. close to a million people packed new york's times square to watch the ball drop and celebrate 2013. good morning, everyone. it is january 1st. welcome to this special new year's edition of "msnbc live." i'm chris jansing. >>> well, we do have a deal, but it's not a done deal just yet. a little bit after 2:00 eastern time this morning, two hours after the u.s. economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours fr
just two hours into the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton is making progress while being treated for a blood clot in her head at new york...
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just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be tacked at 39 pittsburgh.6%. the deal is said to include a permanent fix for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we
just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with...
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. >>> going over the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country will go over the cliff. talks continue, this morning still no deal. >> further announcements perhaps at 11:00 in the morning, i hope so. >> reporter: republicans and democrats negotiated all weekend with the hope of passing legislation that would protect most from a massive tax hike set to kick in tonight midnight. >> the president: our top priority has to be to make sure that taxes on middle class families do not go up. >> reporter: there was optimism about a deal over the weekend when the republican leader in the senate, mcconnell made offer that ended when major
. >>> going over the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country...
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unless something drastic changes in the next five hours, america will be going over the fiscal cliff. we do know that after intense negotiations between senate minority leaders, let me show you the highlights. $600 billion in revenue will be raised over the next decade through a series of raises on taxes for the wealthiest americans. and those rates would also carry over for couples making under 450,000. any income above those two numbers would be taxed at 39.6 pnt. the top tax rate under president clinton. and capital gains taxes above those amounts would be increased to 20%, that is up from 15%. this tax deal would also create a perm naanent fix for the alternative minimum tax and extend unemployment insurance for 2 million americans. the president made it clear what his top priority is in any deal. >> preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. >> jus
unless something drastic changes in the next five hours, america will be going over the fiscal cliff. we do know that after intense negotiations between senate minority leaders, let me show you the highlights. $600 billion in revenue will be raised over the next decade through a series of raises on taxes for the wealthiest americans. and those rates would also carry over for couples making under 450,000. any income above those two numbers would be taxed at 39.6 pnt. the top tax rate under...
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to have deal supposedly with the fiscal cliff. the dow jones industrials down by 150 points at one point recovered to lose just 18. the s&p 500 finished just two points lower. nasdaq down 4.25. congress department says sales of new homes went up almost 4.5% last month. that's the highest rate of growth in total sales in more than 2 1/2 years. that's it from cnbc, now back to "hardball." ♪ >>> if their competitor in '16 is going to be hillary clinton supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl, and the republican party as it is today is incapable of competing at that level. >> welcome back to "hardball." newt gingrich's reverence for hillary clinton is certainly a long way from the near contempt republicans held for her back in the '90s. even as a senator hillary clinton was close with some high-profeel republicans. she had friends up there. this archival l.a. times story's headline the secret friendship of hillary clinton and john mcc
to have deal supposedly with the fiscal cliff. the dow jones industrials down by 150 points at one point recovered to lose just 18. the s&p 500 finished just two points lower. nasdaq down 4.25. congress department says sales of new homes went up almost 4.5% last month. that's the highest rate of growth in total sales in more than 2 1/2 years. that's it from cnbc, now back to "hardball." ♪ >>> if their competitor in '16 is going to be hillary clinton supported by bill...
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the next hour, a last-ditch effort to avoid the fiscal cliff. the president has called all four congressional leaders to the white house no a high stakes meeting. is there really any hope? i'll speak with congressman sanderson. and then should teachers be armed in the classroom? it's a big debate. whop wants at least one teacher armed at every school in his state. >>> then remembers stormin' norman, the history general who died yesterday. we'll have barry mccaffery reflecting on one of the most celebrated battlefield generals of our time. tends to stay in mo. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your
the next hour, a last-ditch effort to avoid the fiscal cliff. the president has called all four congressional leaders to the white house no a high stakes meeting. is there really any hope? i'll speak with congressman sanderson. and then should teachers be armed in the classroom? it's a big debate. whop wants at least one teacher armed at every school in his state. >>> then remembers stormin' norman, the history general who died yesterday. we'll have barry mccaffery reflecting on one of...
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hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york will host what is arguably the biggest new year's eve party in the world. number one tip. if you plan to come to times square, dress warmly. it is frigidly cold. "cnn newsroom" starts right now. >>> good morning. i'm suzanne malveaux sitting in for carol costello. this morning the clock ticking louder. the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington.
hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just...
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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is about spending your money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be imported or produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's resolutions that successful people make and actually keep. among them plan vacations now. wake up to the essentials first, check e-mail second. support a cause. find your purpose and go for it. go for it. new year's day marks the 150th anniversary of emancipation proclamation. president obama abraham lincoln's order that declared slaves in this country forever free. the document is once again on display. ron mott has details. >> reporter: showing its age the emancipation proclamation still draws attention. a document whose aim was to you night a country divided by war. >> it's amazi
is about spending your money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be imported or produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's...
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obviously we have technically gone over the fiscal cliff at this point. however, this will be retroactive to, what, an hour and 53 minutes ago on the east coast. so it would be no effect, with one big caveat, of course. next comes the house of representatives and nobody knows how that is going to work out. republican leaders, after this deal was struck this evening, it became apparent that both republicans and democrats were on board in big numbers. put out a statement saying they pledge to look at what the senate did. they reserve the right to amend it, however, or put it directly on the floor. they're not going to do it tonight. this is going to take place tomorrow at the very earliest and no one knows exactly how republicans are going to react in the house of representatives. it is going to be a very interesting day. and at this point we can't say it's a guarantee in any way, shape, or form that the house is going to approve what's being done here. many republicans obviously upset that taxes are going to be very in any shape or form and many democrats
obviously we have technically gone over the fiscal cliff at this point. however, this will be retroactive to, what, an hour and 53 minutes ago on the east coast. so it would be no effect, with one big caveat, of course. next comes the house of representatives and nobody knows how that is going to work out. republican leaders, after this deal was struck this evening, it became apparent that both republicans and democrats were on board in big numbers. put out a statement saying they pledge to...
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we are a few hours away from the so- called fiscal cliff. lawmakers will meet in about three hours to try and meet the midnight deadline. we will let you know all about that. before we get to that let us get outside and show you the san mateo bridge. a lot of people are off today. a lot of others heading to work. you can see cars moving along the bridge no problems. >> an ailing former president gets a big dose of medimiracle medicine. >> the oak ridge boys serenade for president george bush. he was admitted a month ago for bronchitis. last week he was described as having a stubborn fever >> barbara bush reached out to the oak ridge boys and gave a concert to one of their biggest fans over the phone spirit we as to what you want to hear in very quickly he said elvira. >> we sank some of it. and then one of his all-time favorites amazing grace. >> the first installment of of hobbit movie trilogy of one in $33 million in ticket sales. clinton tarantino django and change came in second. les miserable was third. >> people are afluter over the ka
we are a few hours away from the so- called fiscal cliff. lawmakers will meet in about three hours to try and meet the midnight deadline. we will let you know all about that. before we get to that let us get outside and show you the san mateo bridge. a lot of people are off today. a lot of others heading to work. you can see cars moving along the bridge no problems. >> an ailing former president gets a big dose of medimiracle medicine. >> the oak ridge boys serenade for president...
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the discouraging thing about the fiscal cliff negotiations is not that they have gone into the eleventh hour. it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your mind up on capitol hill. that's what the american people would like to hear. here's the bottom line. even if they do
the discouraging thing about the fiscal cliff negotiations is not that they have gone into the eleventh hour. it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have...
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they want to keep her in the hospital for 48 hours for observation. >>> 26 hours before the fiscal cliff deadline and for now, lawmakers have hit an impasse. what happens if no deal is reached? specifically, how much would you pay in taxes? there's a calculator online to help you figure that out. we have a breakdown. josh levs breaks it down. >> if you want to have a sense of how the fiscal cliff could affect you. in terms of how much more you would pay in taxes, let's take a look at this great tool right here, from the tax policy center, it's called the tax calculator. it allows you to plug in all sorts of information about yourself and family, to find out how your taxes would change based on all sorts of factors. now, it is just an estimate. it can't predict the future. but there are some really good ways to find out how the fiscal cliff would hit you at home. what we've done, we've taken a couple generic examples. let's start off with this one right here. this is a married couple with one child in college. if this couple has an income around $39,000 tax bill goes up $2,700. look at th
they want to keep her in the hospital for 48 hours for observation. >>> 26 hours before the fiscal cliff deadline and for now, lawmakers have hit an impasse. what happens if no deal is reached? specifically, how much would you pay in taxes? there's a calculator online to help you figure that out. we have a breakdown. josh levs breaks it down. >> if you want to have a sense of how the fiscal cliff could affect you. in terms of how much more you would pay in taxes, let's take a...
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we have less than 30 hours before we head over the fiscal cliff. tax hikes will kick in and other measures that won't be good for your paychecks and your wallet. we'll continue to follow that. we have our staff, correspondents, up on capitol hill following the latest. in the meantime, let's get back to our hillary clinton story. jessica yellin has traveled a lot with the former first lady and secretary of state. jess, we talked about her grueling schedule again. we're working with very limited information. we know she's being treated and what she's being treated with. we don't know exactly where this clot is. >> we don't. i do get the sense from people who are close to her that they feel she's going to be okay. but, of course, there's a lot of, you know, upset and concern because it's been some two weeks now that this woman who is constantly on the go has had such a bad case of first the flu and then a concussion and now this that she's had to be completely grounded. that's what just stuns the people around her. usually she's the one telling them t
we have less than 30 hours before we head over the fiscal cliff. tax hikes will kick in and other measures that won't be good for your paychecks and your wallet. we'll continue to follow that. we have our staff, correspondents, up on capitol hill following the latest. in the meantime, let's get back to our hillary clinton story. jessica yellin has traveled a lot with the former first lady and secretary of state. jess, we talked about her grueling schedule again. we're working with very limited...
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live look at the big board, dow is calm, nearly up four points before the 11th hour fiscal cliff >>> 52 in san francisco, san rafael, half moon bay and richmond san jose 55, oakland 54, concord 53. traveling today, no worries until youpc get near crescent city where we have a chance of being sideswiped by a shower there 49, tahoe 30, 36 yosemite today. warmer down south near 60 palm springs, san diego and l.a. take your sunglasses there. >>> let's check in with ron claiborne for what is coming up on "good morning america." >>> breaking news overnight secretary of state clinton in the hospital diagnosed with a blood clot the latest on her condition. plus, starting the countdown to midnight early this morning in times square, next on gma. >>> new york woman accused of shoving a man to his death in the subway erika menendez is well-known to police, arrested three times, she was raysed two days ago, 24 hours after she -- pushed a man into the path after oncoming train. she told police she hated muslims and hindus and pushed the man because he was muslim. she has been charged with murder
live look at the big board, dow is calm, nearly up four points before the 11th hour fiscal cliff >>> 52 in san francisco, san rafael, half moon bay and richmond san jose 55, oakland 54, concord 53. traveling today, no worries until youpc get near crescent city where we have a chance of being sideswiped by a shower there 49, tahoe 30, 36 yosemite today. warmer down south near 60 palm springs, san diego and l.a. take your sunglasses there. >>> let's check in with ron claiborne...
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with only a few hours before the fiscal cliff deadline, there are signs of progress. >> it appears an agreement to prevent this new year's tax hike is within sight, but it's not done. there are still issues left to resolve. >> reporter: senate republican leader mitch mcconnell and joe biden have negotiated. the deal with extend the tax rates for house holds. increase the estate tax rate from 35% to 40% and extend unemployment benefits for one year. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: but the sticking point. how long to push off those massive manda tore pri spending cuts that would go into effect in the new year. democrats want a one-year extension. republicans insist on dealing with it sooner. if there has no overall agreement, americans will feel the impact of the fiscal cliff very quickly. the average american family will see a tax increase of more than 3400. if the senate is able to pass a deal, top house republicans aren't confident they'll have the time to get it done by midnight, which means taxes will go up, bu
with only a few hours before the fiscal cliff deadline, there are signs of progress. >> it appears an agreement to prevent this new year's tax hike is within sight, but it's not done. there are still issues left to resolve. >> reporter: senate republican leader mitch mcconnell and joe biden have negotiated. the deal with extend the tax rates for house holds. increase the estate tax rate from 35% to 40% and extend unemployment benefits for one year. >> let's pass the tax relief...
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with the deadline of the fiscal cliff only hours away. we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> a lot of people feeling like in both the house and the senate this process could have been handled much better a long time ago with open hearings rather than having two people negotiate this deal at the last minute, trace. mike emanuel back to us on capitol hill. any updates as they come in. thank you. on this day in 1938, police tested the world's first
with the deadline of the fiscal cliff only hours away. we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> a lot of people feeling like in both the house and the senate this process could have been handled much better a long time ago with open hearings rather than having two people negotiate this deal at the last minute, trace. mike emanuel back to us on capitol hill. any updates as they come in. thank you. on this...
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what happens if that -- are we going off the fiscal cliff? >> well, you know, i don't know. that'll be a decision for the senate. but quite frankly, the senate had in its power for over six months to do what they did at the stroke of midnight last night and that is amend a house bill and send it back to us. i think it's a little unreasonable for senator reid to say that something that they produced on new year's eve produced by a bunch of sleep deprived people is what we should adopt within 40 hours. >> cantor obviously you said is against the bill as it stands. boehner reserved judgment, did not say public opinion. boehner can't go over cantor on this one. he needs cantor to back him up on any final deal, right? >> what they're attempting to craft is something to get to 218 votes which has been an elusive target in this 112th congress. but i sensed that if they came up with something that was responsible and reasonable and laid down the marker on spending that we'll be there with the spooeker. >> going forward, do you think -- how many folks in your conference would support
what happens if that -- are we going off the fiscal cliff? >> well, you know, i don't know. that'll be a decision for the senate. but quite frankly, the senate had in its power for over six months to do what they did at the stroke of midnight last night and that is amend a house bill and send it back to us. i think it's a little unreasonable for senator reid to say that something that they produced on new year's eve produced by a bunch of sleep deprived people is what we should adopt...
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. >>> less than 24 hours away from going over the fiscal cliff. lawmakers are no closer to a deal wrangling over the last minute legislation to avert the cliff and president barack obama called for immediate action that there was no vote in the senate. majority leader, harry reid says lawmakers negotiated through the night and expected to come together around 11:00. if congress doesn't agree, spending cuts will go in to effect and we will pay more taxes. the impact is more than $3400 in a year. >>> she was supposed to return to work this week, instead, secretary of state, hilary clinton is in the hospital. treated for a blood clot that resulted after a fall earlier this month. >> reporter: hilary clinton was admitted to new york presbyterian hospital with a blood clot from a concussion she suffered several weeks ago. he doctors discovered the clot earlier in the day during a follow up exam. no details of where the clot is or other concerns have been releasede first time clinton has been diagnosed with a blood clot. in 98 she was admitted for a clo
. >>> less than 24 hours away from going over the fiscal cliff. lawmakers are no closer to a deal wrangling over the last minute legislation to avert the cliff and president barack obama called for immediate action that there was no vote in the senate. majority leader, harry reid says lawmakers negotiated through the night and expected to come together around 11:00. if congress doesn't agree, spending cuts will go in to effect and we will pay more taxes. the impact is more than $3400...
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. >> reporter: the first order of business tackling the fiscal cliff passed in the senate just hours earlier. under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the appl
. >> reporter: the first order of business tackling the fiscal cliff passed in the senate just hours earlier. under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >>...
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so-called fiscal cliff. despite last minute efforts over the weekend, still no deal to avoid tax hikes and spending cuts. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. vice president joe biden is taking over as lead negotiator for the democrats. meet the press, president obama blamed republicans. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way. the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> if a deal is not reached by midnight tonight, taxes go up for nine out of ten americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. sharp cuts in defense spending and programs will kick in onnian 2nd. >>> even if lawmakers cannot strike a deal, there will not be p
so-called fiscal cliff. despite last minute efforts over the weekend, still no deal to avoid tax hikes and spending cuts. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. vice president joe biden is taking over as lead negotiator for the democrats. meet the press, president obama blamed republicans. >> they say...
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they are waiting to reconvene to take up the fiscal cliff deal. after the gop meeting, we may learn when the house might vote on the deal and when republicans might amend it. house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good decisions as a society. we saw the angry faces of reaction to demographic change in the beginning. the people bringing guns to political events. the faces of hatred in the birther mularkey. the dog whistling whether it was about the president or his surrogate, susan rice. guess what? none of it worked. it just didn't. who would have known how powe
they are waiting to reconvene to take up the fiscal cliff deal. after the gop meeting, we may learn when the house might vote on the deal and when republicans might amend it. house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now...
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capitol hill stall in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for just about everyone and big spending cuts. senator claire mccaskill says a make or break deal comes down to a few lawmakers on the topic of raising taxes for the wealthy. >> it remains to be seen whether the republicans being driven by a very extreme group of house members will allow our economy to hurt because of their sdrir to protect moulty millionaires in this country. that's what it's going to boil down to. republican representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he doesn't have an awfully strong hand to play. if it's a deal that john boehner can accept, it will be passed in a bipt manner with a very strong majority. if on the other hand he's neutral and not favorable, his chances will be a lot slimmer. >> lisa desjardins following the news on capitol hill. do you have any good news for us, lisa?
capitol hill stall in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for just about everyone and big spending cuts. senator claire mccaskill says a make or break deal comes down to a few lawmakers on the topic of raising taxes for the wealthy. >> it remains to be seen whether the republicans being driven by a very extreme group of house members will allow our economy to hurt because of their sdrir to protect...
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. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority leader harry reid in just the past half hour. >> there are a number of issues on which the two sides are still apart and negotiations are continuing as i speak. whether or not we reach an agreement in the short time we have left we'll need cooperation on both sides to prevent taxes going up tomorrow for every family in america. >> joining me live right now is democratic congressman steve israel of new york, who is chairman of the democratic congressional campaign committee. a lot happening there, congressman. thanks for speaking with us. just to get some details we just got handed to us from kelly o'donnell, that is that in the latest deal in terms of the details, the taxes that are being discussed, regardless of the rate for a moment, they would be permanent and would not have a sunset provision. again, the progress is that they have come up with some understandi
. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority leader harry reid in just the past half hour. >> there are a number of issues on which the two sides are still apart and negotiations are continuing as i speak. whether or not we reach an agreement in the short time we have left we'll need cooperation on both sides...
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negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going to boil down to. >> any plan
negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going...
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the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is in virginia
the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast....
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two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to hold up that ruling against it. in this particular case, the court says you are right that your religious exercise is something limited. you can still were shut and you say to that you are limited wit. rtgard to obamacare.ou now come the ccuit court is saying nothing can happen until the appeal is theard. lou: as you say, well, -- it iss a short odds proposition to have got the injunction. how long are the odds to move to the supreme court? >> i think the odds are not good. o o end, they are ensuring that the catholic organizationsc
two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we...
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. >>> now to continuing coverage of that looming fiscal cliff. 15 hours from right now the u.s. economy will go over that cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight, east coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that sell food or alcohol cannot distribute plastic bags to their customers. in place of the single use bags stores are allowed to use paper or reusable bags but they have to charge at least a dime for each bag. customers are being encouraged to bring their own bags when shopping. restaurants can still provide plastic bags to customers. >> i'm trying to remember. >> some of the places i go they give you a discount. they give you five cents if you bring your own bag. >>> time now 6:08. tara is back to talk about your commute. you're also telling us about free rides for new years eve. >> that is right. muni is fre
. >>> now to continuing coverage of that looming fiscal cliff. 15 hours from right now the u.s. economy will go over that cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight, east coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that...
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Dec 31, 2012
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is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the majority leader, will what are lawmakers workingn today? >> we understand that senator harry reid, the majority leader, will reintroduce the pre fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> if america falls off that fiscal cliff, maryland would be hit hard with hundreds
is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there...